On Sunday the price of a first class stamp will go up by one penny to 46 cents. The U.S. Postal Service needs the extra revenue to try to close a huge deficit created in part by 2006 congressional mandate, under which it has to pre-fund healthcare benefits for future retirees to the tune of $75 Billion
While the cost of postage will increase by one penny next year, the U.S. Postal Service says that the 46-cent “Forever” stamp will remain valid currency for mailing letters across the country, even as rates get higher.
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